This bill aims to prevent conflicts of interest by prohibiting federal executive agencies from awarding contracts, grants, or cooperative agreements to certain companies. It specifically targets companies where a "covered beneficial owner" was also a "special Government employee" on or after January 1, 2025. A "covered beneficial owner" is defined as an individual who holds 5 percent or more of a company's equity securities. The prohibition applies unless the individual immediately ceases their special Government employee status and maintains that separation for 365 days following the act's enactment. This legislation seeks to enhance ethical standards by ensuring that individuals with temporary government roles do not unduly benefit from federal funding through their private business interests.